GECAS signed an agreement with Boeing  converting 11 737-800 Boeing Converted Freighter (BCF) options to firm orders and adding nine additional options to the GECAS Cargo order book.

This agreement marks a repeat order by the commercial aircraft leasing and financing arm of General Electric [NYSE: GE] for the 737-800BCF, bringing their total orderbook for the type to 74 (60 firm and 14 options) since the narrowbody conversion program was announced in 2016. The 20 in this agreement are scheduled to complete conversions between 2022 and 2024.

“We are very pleased to expand our orderbook for the 737-800BCF with Boeing,” said Richard Greener, SVP, GECAS Cargo, adding “The versatility and reliability of these freighters is appealing to our air cargo customers, not to mention the greater efficiency, lower operational costs and better environmental credentials for the growing express and E commerce cargo market.”